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Sisi: Gulf Stability a Key Egyptian Priority
Egyptian President Abdel Fattah El-Sisi confirmed that Egypt has lost around 20 billion dollars in Suez Canal revenues in recent years due to regional instability. He emphasized the importance of maintaining freedom of navigation in the maritime passages. He pointed out that supporting the security and stability of Arab countries, especially the Gulf states, remains a core element of Egypt’s foreign policy, with Egypt committed to preserving peace and addressing issues such as dams through diplomacy without compromising its presence. These statements come amidst ongoing regional challenges that impact navigation movements and Suez Canal revenues, with Egypt recording losses of about 7 billion dollars in canal revenues during 2024 due to disturbances in the Red Sea.
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